Stocks I'm stalking: SH, SRS, UTF, LOD and HTS.
Monday, July 13, 2009
Market looks weak despite today's positive opening
Quickly: The head and shoulders may come to fruition as earnings look to confirm that company's have boosted their bottom lines by cutting to the bone but are not able to forecast growth or improvement with the exception of the financials which should report incredible earnings with the yield curve in their favor but looking forward may begin to hint of the impending pain of the lagging effects of this garden variety depression/great recession with increasing commercial real estate and credit card defaults.
Stocks I'm stalking: SH, SRS, UTF, LOD and HTS.
Stocks I'm stalking: SH, SRS, UTF, LOD and HTS.
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I tend to think that the financial's are going to have another outstanding qtr and will give positive guidance. If this does happen this could be a catalyst for another leg up through summer.
ReplyDeleteSee Whitney's comments about the financials this morning? I tend to agree... I've heard from people working in commercial real estate are seeing this negative trend continuing to unfold as the economy exercises the excess.
ReplyDeletehttp://www.cnbc.com/id/31888017
Looks like I under-estimated the bulls ability to hold S&P support at 875. But watch out for this light volume action and beware of the buy on the dips sell on the news. It will be interesting to see how the market closes.
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